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Actuarial Analyst - Pricing - job 1 of 2

Argo Group is an innovative specialty insurance company looking for an Actuarial Analyst – Pricing to support its actuarial pricing strategy and optimize portfolio performance.

Skills

  • Proficiency in SQL, R, and Python.
  • Knowledge of insurance principles.
  • Effective communication and collaboration skills.
  • Detail-oriented and capable of supporting concurrent projects.

Responsibilities

  • Collaborate with cross-functional teams including underwriting, claims, and financial partners.
  • Conduct data work using R, Python, SQL, Excel, and PowerBI.
  • Perform actuarial and financial analysis including predictive modeling.
  • Support evaluation of new business opportunities and offer recommendations.
  • Participate in quarterly loss ratio planning and reforecast process.
  • Create and automate datasets and reports.

Education

  • Bachelor’s Degree in Mathematics, Actuarial Science, or Finance.
  • 3+ exams in pursuit of ACAS or equivalent experience.

Benefits

  • Competitive compensation and merit-driven profit sharing.
  • Flexible workplace policies.
  • Comprehensive health and wellness benefits.
  • Professional development opportunities.
  • Generous paid time off and holidays.
To read the complete job description, please click on the ‘Apply’ button
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CEO of Argo Group
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Thomas A. Bradley
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FUNDING
DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
SALARY RANGE
$70,000/yr - $90,000/yr
EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
November 24, 2024

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What You Should Know About Actuarial Analyst - Pricing, Argo Group

Are you ready to take the next step in your actuarial career? Argo Group is on the lookout for an Actuarial Analyst - Pricing to join our dynamic team in Chicago. Here at Argo, we pride ourselves on fostering a vibrant culture that values respect, equality, wellness, and opportunity. As an innovative leader in specialty insurance, our organization is agile enough to make swift changes while large enough to significantly impact the industry. In this role, you will be integral to developing strategies that optimize our actuarial pricing. You’ll collaborate with a talented team of underwriting, financial, IT, and marketing professionals, all while engaging in meaningful data analysis using tools like R, Python, and SQL. You'll support a wide array of actuarial and financial analyses, helping to quantify performance through predictive modeling. Additionally, you will work closely with business partners, providing insights on portfolio improvements and evaluation of new business opportunities. Your suggestions will directly contribute to our loss ratio planning and reforecast processes. Argo encourages a culture of continuous learning and development, offering you the chance to refine your skills while contributing to an inclusive workplace. If you're proactive, detail-oriented, and eager to help drive our actuarial strategies, we would love to see your application for the Actuarial Analyst - Pricing position at Argo Group!

Frequently Asked Questions (FAQs) for Actuarial Analyst - Pricing Role at Argo Group
What is the role of Actuarial Analyst - Pricing at Argo Group?

As an Actuarial Analyst - Pricing at Argo Group, you will support the actuarial pricing strategy, working closely with underwriting, claims, and finance professionals to optimize portfolio performance through data analysis and predictive modeling.

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What qualifications do I need for the Actuarial Analyst - Pricing at Argo Group?

To qualify for the Actuarial Analyst - Pricing position at Argo Group, you need a Bachelor’s degree in Mathematics, Actuarial Science, or a finance-related field, along with 2+ years of actuarial experience and progress towards ACAS certification.

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What programming skills are required for the Actuarial Analyst - Pricing role at Argo Group?

The Actuarial Analyst - Pricing position at Argo Group requires proficiency in at least one coding language such as SQL, R, or Python, which will be utilized for data manipulation and predictive modeling tasks.

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What types of projects will I work on as an Actuarial Analyst - Pricing at Argo Group?

In your role as an Actuarial Analyst - Pricing at Argo Group, you’ll take on projects involving data analysis, portfolio optimization recommendations, loss ratio planning, and creation of automated actuarial reports, working collaboratively with cross-functional teams.

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How does Argo Group support professional development for the Actuarial Analyst - Pricing position?

Argo Group is dedicated to the professional growth of its employees, offering continuous learning opportunities through Argo Academy, along with support for pursuing professional designations and internal career mobility for the Actuarial Analyst - Pricing position.

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What can I expect from Argo Group’s workplace culture as an Actuarial Analyst - Pricing?

At Argo Group, you can expect a supportive workplace culture that values respect, equality, and wellness, providing a flexible environment that encourages employees to bring their whole selves to work and participate in ongoing dialogue and collaboration.

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Is remote working an option for the Actuarial Analyst - Pricing position at Argo Group?

While the Actuarial Analyst - Pricing position at Argo Group is primarily based in Chicago, the organization has flexible workplace policies that may include remote or hybrid work options, depending on team needs and personal circumstances.

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Common Interview Questions for Actuarial Analyst - Pricing
Can you explain your experience with predictive modeling relevant to the Actuarial Analyst - Pricing role?

When answering this question, highlight specific predictive modeling techniques you've used, discuss any relevant projects, and explain the impact your modeling had on business decisions or portfolio performance.

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Describe your approach to data analysis and how it relates to the actuarial field.

In your response, outline your methodology for analyzing data, including tools you prefer (R, Python, SQL), and provide an example of how your analysis led to actionable insights in a previous role.

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How do you handle tight deadlines when managing multiple actuarial projects?

Discuss your strategies for prioritization and time management, including how you communicate with team members about project timelines and expectations to ensure deadlines are met.

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What steps do you take to ensure the accuracy of your actuarial work?

Here, you could detail your quality control processes, such as peer reviewing your work, utilizing software tools to double-check calculations, and your approach to documenting your processes for transparency.

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How would you explain complex actuarial concepts to non-technical stakeholders?

Share an example of how you've successfully communicated difficult concepts in the past. Focus on using clear language, visual aids, and analogies to ensure understanding among diverse audiences.

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What motivates you to work in the actuarial field, particularly at Argo Group?

Reflect on your passion for analytics, your interest in insurance, and how Argo Group's values align with your personal and professional goals to showcase your enthusiasm for the role.

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Can you provide an example of a time you worked collaboratively on a complex project?

Provide a specific example that highlights your teamwork skills, your role in the project, and how collaboration led to a successful outcome, particularly within an actuarial context.

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What experience do you have with rate filing processes in the insurance industry?

Discuss any direct experience you have with rate filings, what specific tasks you've completed, and your understanding of regulatory requirements or challenges involved in the process.

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How do you stay updated with the latest developments in actuarial science?

Address your commitment to continuous learning through professional associations, online courses, webinars, or networking events, demonstrating your proactive approach to professional development.

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What improvements would you suggest for our actuarial processes at Argo Group?

Come prepared with thoughtful suggestions based on your research or observations regarding Argo Group’s practices, ensuring your recommendations align with the company's goals and values.

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